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To get better raw material for technology in development of Railways, Union Minister Suresh Prabhu is set to sign a memorandum of understanding (MoU) with IIT-BHU for research work in this regard.

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Prabhu will visit Varanasi on coming Monday to sign the MoU. The ministry has sanctioned Rs 5 crore for research work to be conducted at IIT-BHU this financial year. On Thursday, MoS for Railways Manoj Sinha said a ‘Malaviya Chair Committee’, chaired by Sinha’s advisor R K Verma, will be set up at the institute to supervise research work.

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The chair is being named after Madan Mohan Malaviya — the founder of BHU. It will work towards developing new materials to be used in various assets of Railways. “The ministry has released Rs 5 crore for IIT-BHU for conducting the research… It will help find out ways to better prepare assests — from bogies to tracks,” said Sinha.